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Long Island
Posted: July 12, 2022
Carswell of Largo Group secures $4.5m refinancing
Manorville, NY Dave Carswell, managing director at the Largo Group of Companies, secured a $4.5 million cash-out, non-recourse loan to refinance a 21,000 s/f medical-anchored plaza.
The property is 95% occupied with an array of tenants including Long Island Urgent Care, a liquor store, pizzeria, bagel shop, and more.
The loan featured a 90 day rate lock and was closed more than six months before the anchor tenant will take occupancy.
The property is located off NY-27 the main east/west highway in southern Long Island.
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Long Island
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